Amway registers 11 pc growth
AMWAY INDIA ? a direct-selling FMCG major has registered a growth of 11 per cent in the financial year 2005-06, with a turnover of Rs 705 crore.india Updated: Nov 14, 2006 17:56 IST
AMWAY INDIA – a direct-selling FMCG major has registered a growth of 11 per cent in the financial year 2005-06, with a turnover of Rs 705 crore.
“We’re just eight years into the FMCG sector, but have registered a good growth and are now adding a range of new products to our existing ones in nutritional wellness, cosmetics and personal care categories,” said Amway India’s associate vice president (West), Sandip Misra here on Monday.
He said Amway which has two offices in Bhopal and Indore provides home-delivery of its products to 140 pin codes of Madhya Pradesh and contributed Rs 1.23 crore as commercial tax to the State’s exchequer in the last fiscal.
Regarding the company’s products, Misra said almost all products are manufactured in the country through third-party contract manufacturing, with the exception of cosmetics range (Artistry) and some nutrition and wellness products.
Replying to a query on the high pricing of Amway products, he said all products matched global quality standards and ‘100 per cent money-back guarantee’, were targeted to the middle-income group.
He said products could be availed only through direct-selling adding that the company would take steps to improve the reach of products to consumers.